Market Updates
China's Inflation Data Show Weak Demand and Uneven Recovery
Brian Turner
09 Jun, 2023
New York City
China's annual inflation edged slightly higher to 0.2% in May from 0.1% in April, the National Bureau of Statistics reported Friday.
On a monthly basis, inflation declined 0.2% from April when prices eased 0.1%.
Producer price index, a measure of wholesale prices, dropped 4.6% in May, faster than 3.6% in April, said the statistical agency in a separate report.
Prices fell for the eighth month in a row and dropped the most since February 2016.
On a monthly basis, producer prices in May fell for the second month in a row to 2.6% after falling 0.5% in April.
China's marginal consumer price inflation and producer price deflation is in sharp contrast to elevated inflation in other large economies.
China's wholesale prices declined because of the fall in international commodities prices and weak demand at home.
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